iGA & BENEFIT Launch Credit Report eService on Bahrain.bh

  • article
08 Sep 2019

The Bahrain Credit Reference Bureau, operated by The Benefit Company, has launched the ‘Credit Report’ e-service, in collaboration with the Information & eGovernment Authority (iGA), and Central Bank of Bahrain (CBB). The service is available on the National Portal (Bahrain.bh), and can be used via the single sign on identity verification system (eKey).

“The ‘credit report’ is an important document being requested for various official transactions, most notably the housing related applications. It raises the users level of awareness in their financial obligations. Hence iGA was keen to provide this service online, without the need to visit the BENEFIT branches or other financial entities to issue the report. The online service allows the users to issue the report personally, pay the fees, and receive it by email promptly,”” Mr. Mohamed Ali AlQaed, Chief Executive of iGA stated. ‘’This will contribute to saving the user’s time and efforts, as well as to reducing cost and operational expenses." He further added.

Chief Executive Officer of BENEFIT Company, Abdulwahid Al-Janahi, said: “The Bahrain Credit Reference Bureau receives, maintains, analyses and classifies clients’ credit information; it also prepares credit reports based on the given information, and provides them to members of the Bureau upon request, in conformity with provisions of this law.” 

“As part of the partnership programs with the Information and e-Government Authority, we are launching today the ‘Credit Report’ service to individuals to be available through the e-Government Portal. Through this, we aim to make the issuance of the reports easier, while maintaining security and confidentiality levels, as access to the report requires using the e-Key of the user, which can be obtained through registration in the service provided by the Information and e-Government Authority,” he added.

The Bahrain Credit Reference Bureau is responsible for issuing reports to clients, including details about their current credit situation. The report contains information on the client’s financial obligations and debts, including all types of credit facilities, sales on credit, instalments, other claims payable against the client, the due date and maturity date, the terms and conditions, collaterals and guarantees, payment methods, and the client’s ability to comply with payment to government entities including fees, instalments, fines or any other claims against the client for entities. 

To issue the credit reports, users may access the service on www.bahrain.bh, pay the fees electronically to receive the reports via email, using the eKey.